Today's release of the land values for the state by the NSW Valuer General, Dr David Parker, shows typical residential land values for Stafford St, Gerroa, increasing by 12.1% to $1.85 million, and that for Tingira Cres, Kiama, increasing by 10.3% to $1.235m.

Overall land values in the Kiama local government area saw what the Valuer General considers a small increase (2.7%). Rural land saw a moderate increase (9.5%), while overall residential and commercial land values remained steady (1.3% and 0% changes respectively).

In its residential overview for Kiama, the report says, "Residential land values have remained steady from 2019 to 2020. The exceptions to this trend were values in Gerroa and Kiama/Kiama Heights which saw moderate to strong increases due to strong increase in demand for property with ocean, coastal or superior rural views."

Click here to view the summary for the Kiama LGA. And look up your land value here.

The land values reflect the property market at 1 July 2020, and show an average increase of 2.3% in residential land value for the South Coast region.

Revenue NSW will use the 1 July 2020 land values to calculate land tax for the 2021 land tax year, and it is also used in the calculation of Council rates.

Dr Parker encouraged the public to visit https://www.valuergeneral.nsw.gov.au or call 1800 110 038 for more information on land values and the valuation system.

“The latest land values for all properties in NSW are available on our website along with information on trends, medians and typical land values for each local government area,” said Dr Parker.